[House  Bill  No.  7.] 

HOUSE  OF  REPRESENTATIVES,  May  3,  1864— Read  first 
and  second  times,  referred  to  Commiltee  of  Ways  and  Means,  and 
ordered  to  be  printed. 

By  Mr.  Aikpn.  of  Georgia. 


A.    BILL 

To  t^mend  an  act  entitled  "  An  xVct  to  lay  additional  taxes  for  the 
common  defehce  an<l  support  of  the  Government,"  approved  the 
17th  day  of  February.  1864. 

'1  Skction    I.   The  Co7isfrefts  of  the  Confederate  Sfatex  <f  America  do 

2  etiud.  That  the  third  paragraph  of  the  first  section  of  said    act 

3  entiled    '•  An  act  to  lay  additional  taxes  for  the  common  defence 

4  and  support  of  the  Government."  approved  the  17th  day  of  Feb- 

5  ruary,  eighteen  hundred  and  sixty-four,  he  amended,  by  adding 
C     the  following  thereto  :   Provided,  That  any  person  or  persons  who 

7  have  purchased  land,  or  real   estate  of  any  kind,  since  the  said 

8  first  day  of  January,  1862,  will  make  affidavit  before  the  proper 

9  and   legally  authorized   assessor  of  taxes,  that  he   or  she   pur- 

10  chased  said  land  for  his  or  her  own  use,  and  not   to  sell  again, 

1 1  and  not  for  tlie  purpose  of  merely  making  an  investment,  and 

12  th»t  be  or  she  if  now  residinji  on  or  oultiirating  paid  land  or  real 


13  estate;  then  and  in  that  case  said  land  or   real   estate  shall  be 

14  assessed  on  the  basis  of  the  market  value  of  the  same,  or  similar 

15  property  in  the  neighborhood,  where  assessed,,  in  the  year  1860  : 

17  slaves  since  the  1  st  day  of  January,  1862,  will  make  affidavit  before 

16  And  when  uny   person  or  persons   have  purchased  any  slave  or 

18  the  proper  and  legally  authorized    assessor   of  taxes,  that  he  or 

19  she  purchased  said  slave  or  slaves  for  his  or  her  own  use,  or  the 
2t)  use  of  his  or  her  family,  and  not  to  sell  again,  :indhas  said  slave 

21  or  slaves  in  his  or  her  possession,  or  in  the  possession  of  his  or 

22  her  family  ;  then  and  in   that  cas-e,  said  slave  or  r^laves  shall  be 

23  .assessed  on  the  basis  of  the  market  valueof  the  same,  or  similar 

24  property  in  the  neighborhood  where  assessed,  in  the  year   1860. 

1  Sec.   2.  And  he  it  further  enacted,  That  the  second  section  of 

2  said    recited  act  be  so   amended  as  to  read  as  follows :  On  the 

3  value  of  all  shares,  or  interest  held  in   any  bank,  banking  com- 

4  pany  or  association,  canal  navigation,  importing,  exporting,  in- 

5  surance,  manufacturing,  telegraph,  express,  railroad  and  dry-dock 

6  companies,  and  all  other  joint  stock  companies  of  every  kind, 

7  whether  incorporated   or  not,  five  per  cent.     The  value  of  the 

8  property  taxed  under  this   section,  shall  be   assessed  upon    the 

9  basis  of  the  market  value  of  such  property  in  the  neighborhood 

10  where  assessed,  in  the  year  1860  :  Provided,  That  if  any  such 

11  corporation,  company  or  association  has  been  organized,  or  went 

12  into  operation  'since  the  first  day  of  January,  1861,  then  and  in 


s 

13  that  case  said  property   shall  be  assessed  upon  the  basis  of  the 

14  highest  market  value  of  such  property  in  the  neighborhood  where 

15  assessed,  at  any  time  within    six  months  after  said  corporation, 

16  company  or  association  was  organized,  or  went  into  operation,  in 

17  such  currency    as.  may   have  been    in  general  use  there,  in    the 

18  purchase  and  sale'of  such  property,  at  that  time. 

1  Sec.  3.   And  he  it  furih'-r  enacted.  That  whenever  the  shares  or 

•  2  interest  held  in  any  bank,  banking  company  or  association,  canal 

3  navigation,    importing,    exporting,    insurance,    manufacturing, 

« 

4  telegraph,  express,  railroad,  and  dry-dock  companies,  and  any 
b  other  joint  stock  company  of  any  kind  is  taxed,  then  the  assets 

6  and  property  of  every  kind  whatever,  belonging  to  said  corpora- 

7  tions,  companies  or  associations  shall  be  free  and  exempt  from 
«  taxation  ;  and  the  tax  to  be  collected  on  said  shares  or  interest 
9  in  said  corporations,  companies  or  associations,  shall  be  paid  by 

10  said  corporations,  companies   or  associations,  and  the  owners  of 

I J  said  shares  or  interest  therein,  shall  not  be  required  to  pay  tax 

1 2  thereon. 

1  .    Skc.  4.   And  he  it  further  enacted.  That  the  owners  of  gold  and 

2  silver  coin,  gold  dust,  or  gold  or  silver  bullion,  held  in  the  Con- 

3  federate  States  of  America,  shall  not  b-^  required  to  pay  the  tax 

4  thereon  in  kind,  but  the  same  may   be  paid   in  currency,  similar 

5  to  that  in  which  the  tax  on  other  property  is  paid. 

1  Sf.(,^  5.   And  he  it  further  enacted.  That  all  the  .property,  real, 


4 

2  personal  and  mixed,  belonging  to  any  college,  academy,  or  school 
;)  of  any  kind,  he,  and  the  same  is  hereby,  exempt  from  the  pay- 
4     ment  of  any  tax.  under  any  law  of  the  Confederate  States. 


